Budget: What we spend and how we spend it
The budget includes the allocation of financial resources to different services and projects, proposed provisions and reserves, the Council tax base, setting the Council tax and decisions relating to the Council’s borrowing requirement, the control of its capital expenditure and the setting of virement limits.
We have successfully achieved/identified over £9million in transformational savings since 2010/11 and now have a solid financial base in order to set our 2020/21 budget. A revised saving requirement has been calculated of a reduction from £1.130million to £0million in 2020/21; £1million in 2021/22 increasing to £1.850million in 2023/24.
The 2020/21 budget consultation period has now ended.
How are we going to save money?
We are committed to protecting front-line services, such as waste and street cleaning, and especially to our most vulnerable residents, but we have to take some tough decisions about our services and future spending.
We are determined to protect important services by doing things differently, such as:
- Working in partnership with other councils or organisations;
- Buying in services (where it makes good financial sense);
- Looking at transferring services to alternative providers and to community groups, if appropriate;
- Focusing on raising more income from our own assets; and
- Making our services even more efficient.
We welcome your views and suggestions as to how we can meet these financial challenges.
How can I have my say?
Let us know what you think of the proposals set out in the budget. This is set out in two documents available below: